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DOI10.22617/WPS178804-2
Fiscal Responsibility and Budget Management Act in India: A Review and Recommendations for Reform
[unavailable]
2017-07-27
出版年2017
语种英语
国家国际
领域气候变化
英文摘要 Fiscal Responsibility and Budget Management Act in India: A Review and Recommendations for Reform

The paper assesses India’s experience with fiscal consolidation and performance under the Fiscal Responsibility and Budget Management (FRBM) Act.

The paper reviews the international experience and best practices on fiscal rules, types of rules, introduction of fiscal councils and compares India’s FRBM framework against properties of fiscal frameworks, including fiscal balance, capital spending, optimal debt levels, cyclical considerations, and underlying budget processing and implementation. The paper analyzes various reform options based on quantitative fiscal rule simulations. Finally, the paper presents recommendations on adopting appropriate fiscal rules and targets with clearly defined escape clauses and strengthening the enforcement of fiscal rules.

Contents 

  • Introduction
  • Literature on Fiscal Rules
  • India's Fiscal Responsibility and Budget Management Experience
  • Fiscal Rules: International Experience with Special Attention to the Asia and Pacific Region
  • An Assessment of India's Fiscal Responsibility and Budget Management Framework and Fiscal Rules
  • Reform Options for India Based on Simulations
  • Recommendations
  • Conclusion
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来源平台Asian Development Bank
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文献类型科技报告
条目标识符http://119.78.100.173/C666/handle/2XK7JSWQ/234165
专题气候变化
推荐引用方式
GB/T 7714
[unavailable]. Fiscal Responsibility and Budget Management Act in India: A Review and Recommendations for Reform,2017.
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